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Who knew what (and when) at Westpac? By Lachlan Maddock 05 May 2021 A potentially bloody legal stoush looms as ASIC looks to prove that Westpac had the inside run on the $12 billion interest rate swap that’s landed it in hot water.  Just a week ago, Westpac chief executive Peter King hailed a new era of success for the bank, which had finally put the messy AUSTRAC matter behind it after paying out more than a billion dollars in penalties. Now the bank stands accused of potentially illegal tactics in relation to the largest...

Allegations shine a light on debt markets The insider trading scandal facing Westpac couldn’t come at a worse time. But it looms as a complex test of how the complex, hidden world of debt markets and derivatives operates.  Updated Save Share When Westpac chief executive Peter King announced his grand cost-cutting plan on Monday, he made it clear that a key motivation was to end the bank’s run of ugly surprises from the past. The royal commission remediation, the AUSTRAC scandal that led to the departures of CEO Brian Hartzer and chairman Lindsay Maxsted, the ongoing risk culture...

Suspect Flees To Canada After Fatal Hit-and-Run   LUBBOCK, TX – A 29-year-old Shallowater man has been indicted and charged in connection to a fatal hit-and-run. According to law enforcement, Benjamin Mitchell was traveling in a Buick Lacrosse 4600 block of Avenue Q. An officer who was traveling in the opposite direction on Ave Q observed Mitchell driving at a high rate of speed. Before he could turn around and conduct a traffic stop, the officer heard tires screeching and the impact of the crash. Mitchell had struck a motorcycle and left the scene without stopping to check on the two rid...

Prosecutors want juries to hear all crimes of accused Seminole Heights serial killer during each trial Gloria Gomez reports TAMPA, Fla. - The last time accused serial killer Howell "Trae" Donaldson was in court in October, he was in court wearing a face mask and getting a big win in court.  But now prosecutors trying to find a way around that ruling and still get what they want.  Prosecutors just filed a new motion asking the judge to allow Donaldson's prior bad acts and crimes in each trial, also known as "Williams Rule," as evidence.  Advertisement Attorney Anthony Rickman reviewed the d...

>> reporter: but tonight, police don't know why donaldson, who graduated in january from new york's st. john's university, where he was a walk-on basketball player, would allegedly kill four people at random over five weeks. all walking alone in the dark of night within blocks of each other. investigators say donaldson is the same man spotted on multiple cameras near the scene where the first victim, benjamin mitchell, was gunned down. his gun bought legally days before. this community has lived for weeks in fear of a serial killer. >> thank god we got this guy. we got this guy. >> reporter: d...